Perpetual dynasty trust CLE

The American Bar Association Section of Real Property, Trust and Estate Law and the ABA Center for Continuing Legal Education are sponsoring a teleconference and live audio webcast on August 26, 2008 entitled Perpetual Dynasty Trusts: Tax Planning and Jurisdiction Selection.
      

Here is a description of this program:

In recent years, a “dynasty trust” has come to mean a trust that is designed to last for several generations or, in many jurisdictions, in perpetuity. When should you recommend a dynasty trust for a client?  What are the federal tax implications?  What jurisdiction is best, and can you actually chose the jurisdiction without your own jurisdiction interfering in that choice?  Creating a dynasty trust takes great care, and involves looking into these and other issues.  This panel discussion will cover selected issues with respect to perpetual dynasty trusts.

This program will cover:
   

·         The three types of dynasty trusts for federal tax purposes

·         The client’s ability to choose a jurisdiction for a trust

·         The ability of a court in the client’s state of residence to disregard that choice

·         Factors that a client should consider in selecting a jurisdiction

·         Whether an existing trust may be moved to a better jurisdiction

·         Ethical and practical concerns in creating a dynasty trust

·         The use of dynasty trusts by nonresident aliens